Digital transformation and cloud adoption are driving radical change in sales, marketing, Business Process Management, and human resources while the Treasury Management in a bank, a specialized function, lags inexplicably. Many Treasury departments continue to rely on legacy systems that are manually-intensive and unable to keep pace with changing customer needs and the regulatory environment. The benefits of moving to cloud-based shared Treasury Management model far outweigh the benefits of a traditional on-premise treasury solution. It results in cost reduction, faster time to market, easy to scale, improved customer experience, to name a few. Treasury As A Service (TaaS) is a fast and reliable means for the Treasury Management function to future-proof its operations.
What is in it?
Treasury As A Service, the inevitable path into the future, outlines the market trends in Treasury Management, the challenges faced by Treasury Management function, in a bank and how Treasury As A Service will help in overcoming those challenges.
It also reflects on why banks are slow to adopt the cloud-based Treasury solution, security concerns over their data and how these concerns can be addressed.